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...Elliott Management has abandoned its attempt to buy UK electronics retailer Currys after making an improved bid last week that valued the company at £756mn....
Inside the cult retailer selling rare scores, libretti and antiquarian books since 1960
...Private equity-owned German beauty retailer Douglas has announced plans to list in Frankfurt, raising hopes for a rebound in Europe’s moribund market for initial public offerings....
...Take the news that CVC, which owns 85 per cent of beauty retailer Douglas, is set to be a buyer, rather than a seller, in the upcoming IPO....
...French food retailer Carrefour has signalled to its customers that it will no longer sell PepsiCo products in the latest spat between food manufacturers and retailers over high food prices....
...Elliott Management has abandoned an attempt to buy UK electronics retailer Currys, saying that “multiple” efforts to engage with the company’s board had been rebuffed....
...CVC pumped in an additional €200mn in equity to prevent the retailer’s collapse....
...South Korean ecommerce group Coupang is to acquire Farfetch in a deal that will give the luxury online retailer access to $500mn of capital....
...Wish, an online retailer, listed its shares during the IPO frenzy of the pandemic. Not long after, in early 2021, its market cap peaked at $18bn....
...The Body Shop’s new European private equity owners are set to call in administrators for its UK business only weeks after the retailer changed hands in a £207mn deal....
...The retailer is on a tear having recently released a blockbuster set of annual results....
...The Body Shop will close just under half of its 198 UK stores, putting hundreds of jobs at risk, the ethical beauty retailer’s administrators said on Tuesday....
...Frasers Group, the UK retailer founded by Mike Ashley, owns about 11 per cent of Currys....
...Industry data showed UK retailers had a disappointing December, with consumers holding back from big purchases....
...JD.com has decided not to make an offer to buy UK electronics retailer Currys, the Chinese ecommerce group said on Friday....
...French food retailer Carrefour has said it will no longer sell PepsiCo products because they have become too expensive, marking the latest spat between food manufacturers and retailers over high food prices...
...The retailer said Dunkerton was looking at several options for the company, including making a cash offer for the shares he did not already own....
...Alex Baldock, chief executive of electronics retailer Currys, called the decision “unfair”....
...The retailer has repeatedly denied the accusations, and said it invests heavily in systems to detect copyright infringements in its supply chain....
...Meanwhile, discount retailer Kohl’s missed analysts’ estimates for comparable sales growth....
...Bust-ups between food manufacturers and retailers are nothing new, especially when rising inflation squeezes everyone’s margins....
...Almost 300 Matchesfashion employees lost their jobs on Friday after Frasers Group put the UK luxury clothing retailer into administration less than three months after buying it....
...Following the first bid from Elliott, Chinese retailer JD.com also said it was considering an offer for the retailer. Investec analyst Ben Hunt called Elliott’s offer “an interesting move”....
...Inditex: Shares in the world’s biggest fashion retailer rose 5 per cent as the group reported its net income soared more than 30 per cent to €5bn last year....
...Frasers Group has appointed four new board members including Sir Jon Thompson, the former head of the UK’s accounting regulator, which engaged in a bitter legal battle with the retailer during his tenure...
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